21 Planning Recruiting Nov082021.pdf - HR Planning and...

HR Planning and Recruiting
Class 21 (November 8)
Woohee Choi
Management and Human Resources
Fisher College of Business
The Ohio State University

From the Last Class
• What is Job Analysis? Job Design?
• Human Resource Planning (HRP)
• Forecasting HR Needs (Demand and Supply)

Outline
• Human Resource Planning (HRP)
• Forecasting HR Needs (Demand and Supply)
• Ways to Reduce Labor Gaps
• Strategic Planning
• Recruiting

Human Resource Planning

Human Resource Planning (HRP)
Labor supply Labor demand
Labor surplus or
shortage
Goal setting and
strategic planning
Program
implementation and
evaluation

Elements of Forecasting HR Needs
•
Determining Labor Demand
- Derived from product/service demanded
- External in nature
• Determining Labor Supply
- Internal movements caused by transfers, promotions,
turnover, retirements, etc.
- Transitional matrices identify employee movements over time
• Determining Labor Surplus or Shortage
- Labor demand > labor supply? Likely a labor shortage
- Labor demand < labor supply? Likely a labor surplus

Transitional Matrix
(1) (2) (3) (4) (5) (6) (7) (8)
(1) Sales Managers .95 .05
(2) Sales Representatives .05 .60 .35
(3) Sales Apprentices .20 .50 .30
(4) Assistant Plant Managers .90 .05 .05
(5) Production Managers .10 .75 .15
(6) Production Assemblers .10 .80 .10
(7) Clerical .70 .30
(8) Not In Organization .00 .20 .50 .00 .10 .20 .30
Where did people who were in
each job category come from?
Where did people
who were in each
job category go?
2020
2016

Elements of Forecasting HR Needs
•
Determining Labor Demand
- Derived from product/service demanded
- External in nature
• Determining Labor Supply
- Internal movements caused by transfers, promotions,
turnover, retirements, etc.
- Transitional matrices identify employee movements over time
• Determining Labor Surplus or Shortage
- Labor demand > labor supply? Likely a labor shortage
- Labor demand < labor supply? Likely a labor surplus

If No Data, We’d Know:
That’s right…almost nothing.

How to Reduce the Gaps?
•
Develop Action Plans

Based on forecasts for labor demand and supply, planner can
compare figures to determine whether there will be a shortage or
surplus of labor for each job category.